Production, consumption and economic calculation

[This brief article is taken from Economics for Software Professionals: A strategy for civilization and also explains the Mises/Hayek argument for the impossibility of economic calculation under Socialist/Communist regimes]


Review of Matt Ridley’s book “The Evolution of Everything”

Nearly 35 years ago, 1974 Nobel Prize winner in economics F.A. Hayek wrote:

“We understand now that all enduring structures above the level of the simplest atoms, and up to the brain and society, are the…